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monajafi
Dec 1, 2021 6:32 PM

Failing to break 59 - 60k in May lead to bear market 

Bitcoin all time history indexINDEX

Description

The last time 59 - 60k resistance zone was broken the market was bullish and as you see (green arrow) break out done using 7% candle with good momentum( RSI = 70).
The current condition is so close to 8th May ( red arrow) with frequent testing to break while market was not so bullish ( around 50 RSI with small candles)
Comments
UnknownUnicorn7529057
did you bought anything as of now or still waiting? it has gone sideways since the last time we talked. I think there is a room to test Dec lows again because there is still no CONFIRMATION as of now. 33k is a big Resistance Area point! every time we see nervousness as we get in this territory so maybe waiting is the best thing to do right now honestly!
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